Civic Intelligence

Ferry Cove Shellfish Inc.

990 • Fiscal year 2022 • EIN 84-4611271

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 11, 2023

Organization Profilewww.ferrycove.org
21770 Lowes Wharf RoadSherwood, MD 21665

(410) 886-1006

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.21x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.04x

Higher debt load relative to revenue than 58% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

3rd percentile

-116%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

96th percentile

$200,323

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 34.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

1st percentile

-85%

Faster asset growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-60%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$119,974

Down $662,403 (-85%) from 2021

Net Assets

Down

$94,585

Down $686,018 (-88%) from 2021

Liabilities

Up

$25,389

Up $23,615 (+1331%) from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin3rd percentile

Revenue

Down

$589,396

Down $889,328 (-60%) from 2021

Expenses

Up

$1,275,414

Up $551,595 (+76%) from 2021

Net Income

Down

-$686,018

Down $1,440,923 (-191%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2021: $782,377Liabilities 2021: $1,774Net Assets 2021: $780,6032021Assets 2022: $119,974Liabilities 2022: $25,389Net Assets 2022: $94,5852022Assets 2023: $152,181Liabilities 2023: $56,840Net Assets 2023: $95,3412023Assets 2024: $97,061Liabilities 2024: $21,760Net Assets 2024: $75,3012024

Highlighted filing

2022

Assets$119,974
Liabilities$25,389
Net Assets$94,585
Open 2022 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2021: $1,478,724Expenses 2021: $723,819Net Income 2021: $754,9052021Revenue 2022: $589,396Expenses 2022: $1,275,414Net Income 2022: -$686,0182022Revenue 2023: $1,723,515Expenses 2023: $1,722,759Net Income 2023: $7562023Revenue 2024: $1,480,432Expenses 2024: $1,522,225Net Income 2024: -$41,7932024

Highlighted filing

2022

Revenue$589,396
Expenses$1,275,414
Net Income-$686,018
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 11, 2023
Return Version
2022v5.0
Gross Receipts
$589,396
Mission and Program Overview

Mission

Ferry cove shellfish is designing, promoting and implementing sustainable aquaculture-related activities continued on schedule o

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$769,057$90,874▼ $678,183
Land, Buildings, and Equipment, Net$13,320$29,100▲ $15,780
Total Assets$782,377$119,974▼ $662,403
Liabilities
Accounts Payable and Accrued Expenses$1,774$25,389▲ $23,615
Total Liabilities$1,774$25,389▲ $23,615
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$780,603$94,585▼ $686,018
Total Net Assets Fund Balance$780,603$94,585▼ $686,018
Total Liabilities and Net Assets / Fund Balance$782,377$119,974▼ $662,403

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,100$7,440$36,540
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephan AbelPresident CEOFT$176,421$23,902$200,323

Board Members and Trustees

NameTitle
James PerdueMember
Michael RomanMember
Tina DavenportMember
Revenue and Support

Revenue Composition

Contributions and Grants
$321,846
Program Service Revenue
$267,550
Investment Income
$0
Other Revenue
$0
All Other Contributions
$300,000
Change in Net Assets
$-686,018

Audited Revenue Reconciliation

Revenue per Audited Statements
$589,396
Total Revenue per Audited Statements
$589,396
Total Revenue per Form 990
$589,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$701,415
Other Expenses$573,999
Total Fundraising Expense$47,752
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$287,653$53,935$17,978$359,566
Current Officers, Directors, Trustees, and Key Employees$168,659$31,623$10,541$210,823
Occupancy$145,149$27,215$9,072$181,436
Other Employee Benefits$54,933$10,301$3,434$68,668
Payroll Taxes$33,682$6,315$2,105$42,102
Pension Plan Contributions$16,205$3,038$1,013$20,256
Office Expenses$16,030$3,006$1,002$20,038
Fees for Services Other$10,381$1,946$649$12,976
Information Technology$9,365$1,756$585$11,706
Advertising$8,574$1,608$536$10,718
Other Expenses$6,753$1,266$422$8,441
Depreciation Depletion$4,176$783$261$5,220
Insurance$1,927$361$120$2,408
Travel$550$103$34$687
Total Functional Expenses$1,084,406$143,256$47,752$1,275,414

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,275,414
Total Expenses per Audited Statements$1,275,414
Total Expenses per Form 990$1,275,414
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by the president and the board of directors before it is filed with the internal revenue service.”

Filing and Contact Details

Filer

Filer Name
Ferry Cove Shellfish Inc
EIN
84-4611271
Phone
4108861006
Address
21770 LOWES WHARF ROAD, SHERWOOD, MD 21665

Signing Officer

Name
Stephan Abel
Title
President CEO
Phone
4108861006
Signed
2023-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephan Abel
Formed
2020
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
7

Preparer

Firm
Alta CPA Group
Address
59 Franklin St 2nd Floor, Annapolis, MD 21401
Preparer
Jeffrey Griffith
Phone
4103495101
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Organization mission continued to encourage entrepreneurship and expand the economic opportunities for the regions oyster growers. Through its hatchery and production facilities at ferry cove, our goal is to facilitate the growth and long-term viability of the commercial shellfish industry.”

Financial Statement Notes

X 2

“The organization is exempt from federal and state income taxes under internal revenue code section 501c3. The federal form 990, return of organization exempt from income tax, is subject to examination by the internal revenue service, generally for the three years after it is filed.”

Raw XML Appendix385 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01774
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt025389
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0FERRY COVE SHELLFISH IS DESIGNING, PROMOTING AND IMPLEMENTING SUSTAINABLE AQUACULTURE-RELATED ACTIVITIES CONTINUED ON SCHEDULE O
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/FundraisingAmt0536
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01608
IRS990/AdvertisingGrp/ProgramServicesAmt08574
IRS990/AdvertisingGrp/TotalAmt010718
IRS990/AllOtherContributionsAmt0300000
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0STEPHAN ABEL
IRS990/BooksInCareOfDetail/PhoneNum04108861006
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt021770 LOWES WHARF ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SHERWOOD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021665
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0769057
IRS990/CashNonInterestBearingGrp/EOYAmt090874
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt010541
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt031623
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0168659
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0210823
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0321846
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0573999
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0267550
IRS990/CYRevenuesLessExpensesAmt0-686018
IRS990/CYSalariesCompEmpBnftPaidAmt0701415
IRS990/CYTotalExpensesAmt01275414
IRS990/CYTotalFundraisingExpenseAmt047752
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0589396
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt0261
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0783
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04176
IRS990/DepreciationDepletionGrp/TotalAmt05220
IRS990/Desc0FERRY COVE SHELLFISH IS COMMITTED TO THE LONG-TERM VIABILITY OF THE COMMERCIAL SHELLFISH INDUSTRY AND A THRIVING CHESAPEAKE BAY. WE COLLABORATE WITH SCIENTISTS, WATERMEN, BUSINESS OWNERS AND POLICY MAKERS TO ADDRESS THE CURRENT AND FUTURE NEEDS OF THIS FAST-GROWING INDUSTRY. OUR FACILITY IS DESIGNED TO PRODUCE SHELLFISH AND TO STUDY, IMPLEMENT AND DEMONSTRATE INNOVATIVE TECHNIQUES AND PROCESSES NEEDED TO ADVANCE THE EFFICIENCY AND COST EFFECTIVENESS OF THE AQUACULTURE COMMUNITY THROUGHOUT THE MID-ATLANTIC REGION.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01084406
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt0649
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01946
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt010381
IRS990/FeesForServicesOtherGrp/TotalAmt012976
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt023902
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0STEPHAN ABEL
IRS990/Form990PartVIISectionAGrp/PersonNm1TINA DAVENPORT
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES PERDUE
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL ROMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0176421
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt021846
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0589396
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0585
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01756
IRS990/InformationTechnologyGrp/ProgramServicesAmt09365
IRS990/InformationTechnologyGrp/TotalAmt011706
IRS990/InsuranceGrp/FundraisingAmt0120
IRS990/InsuranceGrp/ManagementAndGeneralAmt0361
IRS990/InsuranceGrp/ProgramServicesAmt01927
IRS990/InsuranceGrp/TotalAmt02408
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07440
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013320
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029100
IRS990/LandBldgEquipCostOrOtherBssAmt036540
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FERRY COVE SHELLFISH IS AN OYSTER HATCHERY THAT WILL BE DESIGNING, PROMOTING AND IMPLEMENTING SUSTAINABLE AQUACULTURE-RELATED ACTIVITIES CONTINUED ON SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0780603
IRS990/NetAssetsOrFundBalancesEOYAmt094585
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0780603
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt094585
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt09072
IRS990/OccupancyGrp/ManagementAndGeneralAmt027215
IRS990/OccupancyGrp/ProgramServicesAmt0145149
IRS990/OccupancyGrp/TotalAmt0181436
IRS990/OfficeExpensesGrp/FundraisingAmt01002
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03006
IRS990/OfficeExpensesGrp/ProgramServicesAmt016030
IRS990/OfficeExpensesGrp/TotalAmt020038
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03434
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010301
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt054933
IRS990/OtherEmployeeBenefitsGrp/TotalAmt068668
IRS990/OtherExpensesGrp/Desc0CONTRACTORS
IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt0422
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01266
IRS990/OtherExpensesGrp/ProgramServicesAmt0140335
IRS990/OtherExpensesGrp/ProgramServicesAmt1180034
IRS990/OtherExpensesGrp/ProgramServicesAmt26753
IRS990/OtherExpensesGrp/TotalAmt0140335
IRS990/OtherExpensesGrp/TotalAmt1180034
IRS990/OtherExpensesGrp/TotalAmt28441
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt017978
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt053935
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0287653
IRS990/OtherSalariesAndWagesGrp/TotalAmt0359566
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02105
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06315
IRS990/PayrollTaxesGrp/ProgramServicesAmt033682
IRS990/PayrollTaxesGrp/TotalAmt042102
IRS990/PensionPlanContributionsGrp/FundraisingAmt01013
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03038
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016205
IRS990/PensionPlanContributionsGrp/TotalAmt020256
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0STEPHAN ABEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0267550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0267550
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01478724
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0301426
IRS990/PYRevenuesLessExpensesAmt0754905
IRS990/PYSalariesCompEmpBnftPaidAmt0422393
IRS990/PYTotalExpensesAmt0723819
IRS990/PYTotalRevenueAmt01478724
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-686018
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0589396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01475000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02064396
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt02064396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0589396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01475000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02064396
IRS990ScheduleA/TotalSupportAmt02064396
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt029100
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07440
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036540
IRS990ScheduleD/ExpensesSubtotalAmt01275414
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0589396
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501C3. THE FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THE THREE YEARS AFTER IT IS FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029100
IRS990ScheduleD/TotalExpensesPerForm990Amt01275414
IRS990ScheduleD/TotalRevenuePerForm990Amt0589396
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0589396
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01275414
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0176421
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023902
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEPHAN ABEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0200323
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION MISSION CONTINUED TO ENCOURAGE ENTREPRENEURSHIP AND EXPAND THE ECONOMIC OPPORTUNITIES FOR THE REGIONS OYSTER GROWERS. THROUGH ITS HATCHERY AND PRODUCTION FACILITIES AT FERRY COVE, OUR GOAL IS TO FACILITATE THE GROWTH AND LONG-TERM VIABILITY OF THE COMMERCIAL SHELLFISH INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0782377
IRS990/TotalAssetsEOYAmt0119974
IRS990/TotalAssetsGrp/BOYAmt0782377
IRS990/TotalAssetsGrp/EOYAmt0119974
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0321846
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt047752
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0143256
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01084406
IRS990/TotalFunctionalExpensesGrp/TotalAmt01275414
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01774
IRS990/TotalLiabilitiesEOYAmt025389
IRS990/TotalLiabilitiesGrp/BOYAmt01774
IRS990/TotalLiabilitiesGrp/EOYAmt025389
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0780603
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt094585
IRS990/TotalOtherCompensationAmt023902
IRS990/TotalProgramServiceExpensesAmt01084406
IRS990/TotalProgramServiceRevenueAmt0267550
IRS990/TotalReportableCompFromOrgAmt0176421
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0267550
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0589396
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0782377
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0119974
IRS990/TravelGrp/FundraisingAmt034
IRS990/TravelGrp/ManagementAndGeneralAmt0103
IRS990/TravelGrp/ProgramServicesAmt0550
IRS990/TravelGrp/TotalAmt0687
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt021770 LOWES WHARF ROAD
IRS990/USAddress/CityNm0SHERWOOD
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021665
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0https://www.ferrycove.org/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHAN ABEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04108861006
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FERRY COVE SHELLFISH INC
ReturnHeader/Filer/BusinessNameControlTxt0FERR
ReturnHeader/Filer/EIN0844611271
ReturnHeader/Filer/PhoneNum04108861006
ReturnHeader/Filer/USAddress/AddressLine1Txt021770 LOWES WHARF ROAD
ReturnHeader/Filer/USAddress/CityNm0SHERWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021665
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821650312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Alta CPA Group
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt059 Franklin St 2nd Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Annapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021401
ReturnHeader/PreparerPersonGrp/PhoneNum04103495101
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey Griffith
ReturnHeader/ReturnTs02023-07-11T01:39:06-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ABEL
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$119,974
Liabilities
$25,389
Net assets
$94,585
Revenue
$589,396
Expenses
$1,275,414
Net income
-$686,018
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.02$0.08$1.48$1.52$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.15$0.06$0.10$1.72$1.72$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.03$0.09$0.59$1.28$0.69
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$1.48$0.72$0.75